YOUR ONE-STOP SINGAPORE CORPORATE SERVICE PROVIDER
Count on us to breeze through the Singapore company formation and work visa process. With a team of experienced and qualified incorporation specialists based in Singapore, you can be assured of top-level expertise on company formation setup structures and committed support on all accounting and tax statutory matters. We are your partner for the long run.
Set up your company
in less than 1 hour*!
*Provided if all your documents are in place
WHY INCORPORATE IN SINGAPORE?
Singapore VS United Kingdom (UK)
|Singapore||United Kingdom (UK)|
|Singapore’s economy is well-diversified across multiple industries such as trade, manufacturing, shipping, banking and finance, among others.|
Singapore’s GDP per capita stands at US$55,243 as of 2016.
|The UK economy makes up about 4% of world GDP. The service sector dominates in the UK’s GDP by contributing 78%.|
The UK’s GDP per capita is US$40,369 as of 2016.
|The current headline corporate tax rate in Singapore is a flat 17%, which ranks as one of the lowest in the world.|
Full and partial tax exemptions are available for companies with taxable income of up to S$300,000.
See Tax Table
|The UK’s corporate tax stands at 19%.|
Personal Income Tax
|With a progressive tax rate, which ends at 22%, Singapore offers the lowest effective tax rates in the world.||The UK’s personal income tax rate is progressive up to 45%.|
|Singapore has 7% GST||The UK has 20% VAT|
Foreign Ownership in Companies
|100% foreign ownership is permitted for companies registered in Singapore.||The UK government to prohibit transfer to foreign owners of 30 percent or more of important UK manufacturing businesses if such a transfer would be contrary to the interests of the country.|
|Singapore is famed for a smooth-running bureaucracy, which sees inter-agency co-operation working seamlessly to help businesses grow. InCorp Group is the official partner of two such agencies – ACE and EDB.|
Company registration is as easy as 3 steps and can be completed in a day as long as all documents are in order.
|After exiting from European Union, the UK business could face ‘huge bureaucratic burdens’ due to new regulations and restrictions on customs and labour costs.|
Company registration is a 4-day process in the UK
Residency & Citizenship
|Singapore allows foreigners to apply for permanent residency after working in Singapore for 3-4 years. Permanent Residents (PR) can then apply for citizenship 2 years after their PR approval.|
|After 5 years of staying and adhering to other norms, one can obtain the UK’s citizenship|
Let the experts in businesses guide you to start your Singapore business
Our expertise in company formation, statutory compliance, accounting, tax, immigration, recruitment, insurance and consulting has helped thousands of companies get a headstart. Get yours today.
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Official Singapore Company Registration Partner of ACE
We are aligned with ACE’s commitment to the startup community in Singapore. As their official Corporate Services Partner, we aim to meet the corporate needs of entrepreneurs and startups, providing dedicated business support and driving entrepreneurship in the city-state.
Connections Concierge Partner of the Singapore EDB
InCorp shares the objective of pioneering economic opportunities for SMEs and MNCs. As a partner of the Singapore Economic Development Board (EDB)’s Connection Concierge, we aim to partner enterprises in using Singapore as a springboard for their global expansion journey.